middle east

The global investment firm is planning an office in the Abu Dhabi Global Market later this year, with Benno Klingenberg-Timm, head of institutional for Europe and Asia, readying to relocate to the region.

Adel Afiouni has been named senior country manager, group regional head Middle East, Caucasus & Central Asia.

As oil moves above $115 a barrel, Apac governments are scrambling to reduce energy demand as the OECD sees US inflation rising to 4.2% this year. Markets are bracing for more turmoil as the war escalates with the Houthis joining the fight.

After February's election, Bangladesh’s economy is being shaken by the rise in prices of oil and gas, a potential fall in remittances, increased shipping costs and Trump's latest tariffs, as the war in the Middle East continues.

Financial markets in the Middle East, Apac and across the world are being hit as the price of a barrel of crude and West Texas Intermediate (WTI) oil surges above $100; the impact on aluminium is another issue.

Energy prices are rising, stock markets are falling and flights remain cancelled as Iran continues attacks on countries across the Middle East, as Israel and the US ramp up pressure.

The oil price has surged to $82 a barrel amid disruption in the Strait of Hormuz as Iran responds with multiple missiles across the Middle East after the US and Israel launched strikes on Iran over the weekend; the UAE has closed its stock markets for two days.

Jalal Almarhoon previously worked for BNP Paribas in Saudi Arabia.

Aviation finance partner Leo Fattorini has brought a six-person aviation team from Bird & Bird, while Jason Chan joins in Hong Kong.